Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1496 articles from PhilStar Business
Is ERC up to the job?
The incompetence of our government in regulating the power industry is a significant cause of our woes. While the current leadership of the Energy Regulatory Commission (ERC) has been trying hard to clean up the inherited mess, sins of the past will hurt us for some time.
Read more →Jobless rate rises to 4.9% in June
Unemployment went up in June as more Filipinos entered the workforce, but not enough jobs were available to absorb them, according to data from the Philippine Statistics Authority. In a press conference, National Statistician Dennis Mapa said results of the PSA’s Labor Force Survey showed the unemployment rate rose slightly to 4.9 percent in June from the previous month’s 4.8 percent and 3.7 percent in the same month last year.
Read more →Mailbox: Octogenarian benefit program
You July 15, 2026 issue told about Mr. Manuel V. Pangilinan, a senior citizen reaching the age of 80 and had already received P10,000 at “Pinambili na ng birthday cake” as mentioned in your newspaper.
Read more →Orchestra of the Filipino Youth sets fundraising concert
Orchestra of the Filipino Youth proudly announces its major fundraising concert, “Music for a Regenerative Future.”
Read more →PSEi slips ahead of Q2 growth data
The Philippine Stock Exchange index finished slightly lower yesterday with investors opting to stay on the sidelines ahead of the release of the country’s second quater economic growth data. The PSEi eased by 0.13 percent, or 8.36 points, to settle at 6,277.95, extending its losing streak to three days in a row.
Read more →Q1 GDP growth maintained at 2.8%
The country’s economic growth rate was kept at 2.8 percent in the first quarter, but upward revisions were made in some sectors, according to the Philippine Statistics Authority (PSA).
Read more →Strengthening Malaysia–Phl digital partnership
Malaysia and the Philippines continue to enjoy strong and expanding economic relations.
Read more →Toyota on track to hit 3 million sales target this year
Leading automotive firm Toyota Motor Philippines Corp. is optimistic that cumulative sales will breach the three-million mark this year amid improving market conditions.
Read more →Upgrade of eGovPH app to cost P2.7 billion
The government’s eGovPH superapp requires at least P2.7 billion next year for crucial upgrades on cloud and cybersecurity, ensuring the platform can handle the surge of transaction volumes.
Read more →What keeps CEOs awake at night has changed
It is no longer just inflation, geopolitical uncertainty, cybersecurity threats, supply chain disruptions or the next disruptive technology.
Read more →Gas company proceeds with wage hike despite court freeze
Court froze the wage hike. Regasco is paying it anyway
Read more →More Filipinos find work, but jobless rate still climbs to 4.9%
The Philippines added more than 1 million employed workers between May and June, but the labor force grew even faster.
Read more →AboitizPower explores nuclear energy venture
Aboitiz Power Corp. is now looking at nuclear energy generation as a potential strategic opportunity after entering into a partnership with Korea Hydro & Nuclear Power Co. Ltd. (KHNP).
Read more →Barriers to own-use solar installations removed
Households may soon see faster deployment of own-use solar power facilities as the Department of Energy streamlines the permitting process by removing administrative hurdles.
Read more →D&L overcomes headwinds as profit grows 8% in H1
D&L Industries Inc., the country’s largest producer of oleochemicals and specialty plastics and food products, overcame headwinds in the first half, as the company managed to expand its profits by eight percent to P1.5 billion.
Read more →Globe profit falls 11% to P11 billion in H1
Globe Telecom Inc. sustained an 11-percent drop in profit in the first half, but the telco is confident of recovery thanks to the strength of its revenue base and growth of its e-wallet unit.
Read more →Government allots P112 million for free WiFi in tourist spots
The Department of Information and Communications Technology is setting up free WiFi in some of the country’s tourist hotbeds, allocating over P112 million for the project.
Read more →Higher Q2 palay output backstops stocks ahead of El Niño, says DA
The country’s higher palay production in the second quarter could provide additional rice stocks in preparation for the impact of El Niño on local farm production, according to the Department of Agriculture.
Read more →Inflation, imports, largest car brands, Swiss chamber forum
I will discuss five economic and business issues here, so we go straight to the numbers.
Read more →Inflation slows to 6.2% in July
Inflation eased for the third straight month in July, driven by the slower increase in transport costs, according to the Philippine Statistics Authority.
Read more →Motorcyle riders nix new fleet cap
Motorcycle taxi workers are asking for a dialogue with President Marcos and the Department of Transportation to discuss new regulations that seem to prohibit them from earning more.
Read more →PCCI exec feted for SME support, business development
SEDA Law (Salazar Enrile Defensor & De Mata Law Offices) recently presented its prestigious Silver Coin Tribute to Bryan Ang Chua, vice president of the Philippine Chamber of Commerce and Industry (PCCI), during the law firm’s silver anniversary celebrations.
Read more →Power business lifts Semirara profit to P8.6 billion
MANILA, Philippines — Semirara Mining and Power Corp. (SMPC) delivered slightly higher earnings in the first half, fueled by strong power business that countered weaker results from its coal segment. Tycoon Isidro Consunji’s integrated energy company saw its net income inch up by two percent to P8.58 billion during the period from P8.42 billion a year ago. Revenue rose by nine percent to P34 billion from P31.33 billion, as higher coal and electricity selling prices outweighed decline
Read more →